SFT Stock Overview
Shift Technologies, Inc. provides end-to-end auto ecommerce platform for buying and selling of used cars.
Shift Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$4.32|
|52 Week High||US$10.90|
|52 Week Low||US$4.31|
|1 Month Change||-39.41%|
|3 Month Change||-46.34%|
|1 Year Change||-51.84%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-56.14%|
Recent News & Updates
What Happened To Shift Technologies
Shift Technologies reported strong Q3 earnings results. Yet, sellers have taken the stock down 30% post-earnings. The most likely cause of the severe weakness appears to be overhang from an expired lock-up period and the prospect of absorbing a massive percentage of outstanding shares.
Shift Technologies: Significantly Undervalued
The DCF model indicates intrinsic value of $17.9. The company enjoys quite high consumer satisfaction level. The management is successfully improving margins and is expected to generate positive earnings in upcoming years.
Shift: Shifts Gears Fast But Let's Connect The Dots First
The company's digital and inventory health remain strong, with a large room for improvement. Undoubtedly, growth and operational scale are the catalysts for improving margins and positive cash flow generation. Despite the unpredictability of cash flows and the reliance on external parties for financing, the overall market's and company's outlook are optimistic. SFT is the cheapest 'vehicle' to profit from the used car market boom. The company maintains attractive valuation metrics, considerably lower than its two leading competitors.
|SFT||US Specialty Retail||US Market|
Return vs Industry: SFT underperformed the US Specialty Retail industry which returned 24% over the past year.
Return vs Market: SFT underperformed the US Market which returned 17.8% over the past year.
|SFT Average Weekly Movement||6.0%|
|Specialty Retail Industry Average Movement||6.7%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: SFT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SFT's weekly volatility (6%) has been stable over the past year.
About the Company
Shift Technologies, Inc. provides end-to-end auto ecommerce platform for buying and selling of used cars. The company operates through two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as car searching, scheduling an on-demand test drive, and purchasing at home or at the preferred site of a test drive, as well as provides financing and services.
Shift Technologies Fundamentals Summary
|SFT fundamental statistics|
Is SFT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SFT income statement (TTM)|
|Cost of Revenue||US$475.88m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.43|
|Net Profit Margin||-22.63%|
How did SFT perform over the long term?See historical performance and comparison
Is Shift Technologies undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SFT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SFT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SFT is unprofitable, so we can't compare its PE Ratio to the US Specialty Retail industry average.
PE vs Market: SFT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SFT is overvalued based on its PB Ratio (3x) compared to the US Specialty Retail industry average (2.9x).
How is Shift Technologies forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SFT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SFT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SFT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SFT's revenue (44% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: SFT's revenue (44% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SFT's Return on Equity is forecast to be high in 3 years time
How has Shift Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFT is currently unprofitable.
Growing Profit Margin: SFT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SFT is unprofitable, and losses have increased over the past 5 years at a rate of 27.8% per year.
Accelerating Growth: Unable to compare SFT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SFT is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (144.8%).
Return on Equity
High ROE: SFT has a negative Return on Equity (-99.55%), as it is currently unprofitable.
How is Shift Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: SFT's short term assets ($354.5M) exceed its short term liabilities ($101.2M).
Long Term Liabilities: SFT's short term assets ($354.5M) exceed its long term liabilities ($154.8M).
Debt to Equity History and Analysis
Debt Level: SFT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SFT's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SFT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SFT has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 45% each year.
What is Shift Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SFT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SFT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SFT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SFT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Arison (43 yo)
Mr. George Arison serves as Co-Chief Executive Officer and Chairman at Shift Technologies, Inc. and has been its Director since October 2020. He is Director of Belong Acquisition Corp. since July 27, 2021....
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.
Experienced Management: SFT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: SFT's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Shift Technologies, Inc.'s employee growth, exchange listings and data sources
- Name: Shift Technologies, Inc.
- Ticker: SFT
- Exchange: NasdaqCM
- Founded: 2013
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: US$374.828m
- Shares outstanding: 81.31m
- Website: https://shift.com
Number of Employees
- Shift Technologies, Inc.
- 2525 16th Street
- Suite 316
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/02 00:11|
|End of Day Share Price||2021/12/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.